With 2.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.99 million shares. The 52-week range on MGY shows that it touched its highest point at $29.02 and its lowest point at $21.61 during that stretch. It currently has a 1-year price target of $28.38. With its current market cap of 4.55 billion, MGY has annualized dividend of $0.54 while the current yield stands at 2.30%. Beta for the stock currently stands at 1.91.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MGY was down-trending over the past week, with a drop of -3.34%, but this was down by -6.20% over a month. Three-month performance dropped to -17.00% while six-month performance fell -7.43%. The stock gained 7.28% in the past year, while it has gained 0.21% so far this year. A look at the trailing 12-month EPS for MGY yields 1.94 with Next year EPS estimates of 2.32. For the next quarter, that number is 0.52. This implies an EPS growth rate of 8.89% for this year and 8.64% for next year. EPS is expected to grow by 7.02% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 46.84%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MGY since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.0155 being high and $1.9052 being low. For MGY, this leads to a yearly average estimate of $1.97539. Based on analyst estimates, the high estimate for the next quarter is $0.63 and the low estimate is $0.34. The average estimate for the next quarter is thus $0.51.
